Alternatives
A Western fund will look to commit $84 million to private equity in 2021 following a workplan presentation from its alternatives consultant earlier this month.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
The plan is looking to build out its 10% target to the asset class.
Plan funded a new international equity manager and added alternatives commitments in October.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.
Investors make these changes as they wait for global economy to recover.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
A New England pension plan tapped a replacement for a recently terminated absolute return manager at a meeting today.
The state plan will invest up to $1 billion with portable alpha managers in 2021.
The private commitments include two to new firms and one to an existing manager.
